Fazeshift provides AI agents that automate existing Accounts Receivable processes without requiring system replacement. The platform handles complex invoice matching, payment communication, and contract analysis to streamline the order-to-cash cycle. This automation significantly reduces Days Sales Outstanding (DSO) and frees up finance teams from manual AR tasks.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
KTFounders
Product
Problem
Many businesses face challenges in managing their accounts receivable (A/R) processes, including manual invoice creation, inefficient payment matching, and delayed collections, leading to reduced cash flow and operational inefficiencies. Spreadsheets and manual processes are often inadequate for scaling financial operations effectively.
Solution
Fazeshift offers an AI-powered accounts receivable automation platform designed to streamline billing, cash application, and collections. The platform automates the conversion of sales contracts into invoices, regardless of complexity, and ensures timely invoice delivery. Its AI-driven payment matching capability eliminates the need for manual bank statement reviews, automatically reconciling payments across various methods, including ACH, credit card, and physical checks. By automating A/R processes, Fazeshift improves cash flow, reduces days sales outstanding (DSO), and provides complete visibility into the A/R process through notifications and alerts.
Target Audience
Fazeshift targets enterprise businesses seeking to automate and optimize their accounts receivable processes to improve cash flow and operational efficiency.
Features
- AI-powered cash application for automated payment matching and reconciliation
- Automated invoice generation from complex sales contracts with flexible billing terms
- Customizable invoice scheduling and sending with multiple delivery methods
- Integration with existing accounting systems for seamless data synchronization
- Real-time notifications and alerts for improved A/R process visibility
- Comprehensive dashboard for tracking invoice status and payment performance